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June 27, 2013  Thu 7:30 AM CT

PRGS: SEE CHART GET CHAIN FIND STRATEGIES

Earnings, Revenue Surpass Expectations

Progress Software reported second-quarter profit of $0.27 on revenue of $81.7 million. Analysts had only expected $0.22 and $79 million, respectively. PRGS rose 7.5 percent before the opening bell on my tradeMONSTER platform.

Bulls Hit the Road with Winnebago Industries

Recreational-vehicle maker Winnebago Industries' profit roughly doubled, matching analyst forecasts. Revenue of $218.2 million, however, cruised past the $197.8 million expected by analysts. WGO climbs 5 percent in early trading.

Weak Numbers Send Paychex Lower

Paychex reported fourth-quarter profit of $0.34, missing the $0.38 expected by the Street. Revenue of $585.3 million also lagged the $586 million estimate. PAYX slides 3.5 percent in the premarket.

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Using spreads to minimize risk

Last week we discussed the risk vs reward profile of a debit call spread in Wells Fargo (WFC). This week we will run thru the risk vs reward of selling a credit put spread to achieve the same exposure of that debit call spread.

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